Sentences with phrase «deficit reduction plan backed»
WASHINGTON (CNN)- The U.S. House on Tuesday night passed the «cut, cap and balance» deficit reduction plan backed by tea party conservatives but dismissed by President Barack Obama, who offered strong praise for another proposal put together by a bipartisan group of senators.
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George Osborne found himself increasingly isolated today as a small army of economists demanded he back down over his deficit reduction plan.
But as Britain slips back into recession, and as voters in Europe tire of austerity, Labour is uniting around a message that the coalition's deficit reduction plan is fast becoming a liability.
Though voters in the constituency are on balance pessimistic about prospects for the economy over the next few years, they back the coalition's «Plan A» for deficit reduction by a wide margin.
On Dec. 1, 2010, the bipartisan deficit - reduction commission, appointed by President Obama, released its final plan for cutting the U.S. deficit — which included suggestions to pare back the mortgage interest deduction.